PARKE BANCORP, INC. (NASDAQ:PKBK) Files An 8-K Other Events

14

PARKE BANCORP, INC. (NASDAQ:PKBK) Files An 8-K Other Events
Item 8.01 Other Events.

On April 17, 2018, the Board of Directors of the Registrant declared an 11 for 10 stock split payable to shareholders of record as of May 5, 2018, and to be paid on May 18, 2018. The Registrant also announced that the Board of Directors had approved an increase in its quarterly cash dividend from $0.12 per share to $0.14 per share effective with the dividend to be paid in July. A copy of the press release issued by the Registrant is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits:

Exhibit 99.1 – Press Release dated April 17, 2018


PARKE BANCORP, INC. Exhibit
EX-99.1 2 ex99-1.htm PRESS RELEASE DATED APRIL 17,…
To view the full exhibit click here

About PARKE BANCORP, INC. (NASDAQ:PKBK)

Parke Bancorp, Inc. is a bank holding company of Parke Bank (the Bank). The Bank is a full commercial service bank, with focus on providing personal and business financial services to individuals and small to mid-sized businesses in Gloucester, Atlantic and Cape May Counties in New Jersey and the Philadelphia area in Pennsylvania. It focuses its commercial loan originations on small and mid-sized businesses. Its commercial loan products include residential and commercial real estate construction loans; working capital loans and lines of credit; demand, term and time loans, and equipment, inventory and accounts receivable financing. It also offers a range of deposit products to its commercial customers. It offers contemporary products and services, such as debit cards, Internet banking and online bill payment. Its retail lending activities include residential mortgage loans, home equity lines of credit, fixed rate second mortgages, new and used auto loans and overdraft protection.

An ad to help with our costs